Main Street Registry

Neillio's at Lexington, Inc.

Lexington, MA · Limited-Service Restaurants · NAICS 722513

Neillio's at Lexington, Inc. is a limited-service restaurant business located in Lexington, Massachusetts, in the NAICS category for limited-service restaurants. The company financed real estate or equipment through an SBA 504 loan of $1,904,000, approved on October 30, 2024, with Leader Bank, National Association as the bank partner and New England Certified Development Corporation as the certified development company.

SBA 504 loan, approved Oct 30, 2024

$1,904,000 SBA portionCDC: New England Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,904,000
Bank portion
$2,325,000
Estimated project size
$4,698,889 (estimated)
Estimated owner equity
$469,889 (estimated, about 10% of the project)
Bank lender
Leader Bank, National Association, Arlington, MA
CDC
New England Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 30, 2049 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Middlesex County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-5
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 82% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • Average expansion loan in Massachusetts: $2,009,683.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Massachusetts